What is the annual interest rate for the loan

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Reference no: EM131947872

1. If the car I purchased has payments of $350 per month for 60 months, and the financed amount totaled $19,339, what is the ANNUAL interest rate for the loan?

a. 3.49% b. 27.4% c. 3.29% d. 0.274% please show work.

2. If WSP does not risk adjust its discount rate for specific projects properly, which of the following is likely to occur over time? Check all that apply

A. The firm will make poor capital budgeting decisions that could jeopardize the long run viability of the company

B. the firm will reject too many relatively safe projects

C. The firm will become less risky

Reference no: EM131947872

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